Life Insurance Corporation of India (LIC)
- IPO Date04 May, 2022 to 09 May, 2022
- Listing Date17 May, 2022
- Face Value₹10 per share
- Issue Price₹902 to ₹949 per share
- Lot Size15 Shares
- Minimum Investment₹14,235
- Listing AtBSE, NSE
- Total Issue Size22,13,74,920 Shares
(aggregating up to ₹21008.48 Cr) - Fresh Issue-
- Offer for Sale22,13,74,920 Shares
(aggregating up to ₹21008.48 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
09 May, 2022
Initiation of Refunds
17 May, 2022
Listing Date
17 May, 2022
04 May, 2022
Opening Date
12 May, 2022
Basis of Allotment
17 May, 2022
Credit of Shares
Life Insurance Corporation of India (LIC) Lot Size
Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,235 |
| Retail (Max) | 14 | 210 | ₹1,99,290 |
Life Insurance Corporation of India (LIC) Promoter Holding
The President of India, acting through the Ministry of Finance, Government of India is the company promoter.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 96.5% |
Life Insurance Corporation of India (LIC) COMPANY INFORMATION
LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products. As of 30 Sep 2021, it has a total AUM of Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
LIC IPO is a book built issue of Rs 21,008.48 crores. The issue is entirely an offer for sale of 22.14 crore shares.
LIC IPO bidding started from May 4, 2022 and ended on May 9, 2022. The allotment for LIC IPO was finalized on Thursday, May 12, 2022. The shares got listed on BSE, NSE on May 17, 2022.
LIC IPO price band is set at ₹902 to ₹949 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹14,235.
The issue includes a reservation of up to 1,581,249 shares for employees offered at a discount of Rs 45 to the issue price.
Axis Capital Limited, Bofa Securities India Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, J.P. Morgan India Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the LIC IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to LIC IPO RHP for detailed information
FAQs About Life Insurance Corporation Of India (Lic)
Life Insurance Corporation of India (LIC) will open on 04 May, 2022 and close on 09 May, 2022. Investors must apply within this period to participate.
The Life Insurance Corporation of India (LIC) price band is set between ₹902.00 and ₹949.00 per share. The minimum lot size is 15, requiring an investment of at least ₹14235.00.
The Life Insurance Corporation of India (LIC) shares are expected to be listed on 17 May, 2022, subject to regulatory approvals and final allotment.
You can track your Life Insurance Corporation of India (LIC) application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Life Insurance Corporation of India (LIC) will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.